Month April 2010

Arizona to pass harsh immigration law

Polls show 70% of the population supports the law, which mandates that police can check anyone for immigration papers, that municipalities can not declare safe haven and ignore the law, and that citizens can sue if they think police aren’t…

Greek debt crisis goes nuclear

Greek bond yields rose from 7.8% to 10.38% in one day. There are virtually no sellers for insurance against a default either. This is highly unusual, and most definitely a bad moon rising for Greece. Apparently the vampire squids of…

Financial reform not tough enough, says NY Times

NY Times weighs in on financial reform: “loopholes.” Too many derivatives trades are exempted from public disclosure on exchanges. Too many users are subject to relaxed scrutiny. Regulation in hindsight is not adequate to prevent systemic collapse. It is not…